HomeMy WebLinkAboutColleyville Economic Development Corporation (CEDC)-Minutes-5/11/2005
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PUBLIC NOTICE
ON WEDNESDAY, MAY 11, 2005, AT 9:30 A.M., AT CITY HALL, 100 MAIN STREET,
COUNCIL CHAMBERS, THIRD FLOOR, THE COLLEYVILLE ECONOMIC
DEVELOPMENT CORPORATION BOARD OF DIRECTORS WILL HOLD A MEETING
FOR THE FOLLOWING PURPOSE:
1. CALL TO ORDER
CONSENT:
2. CONSIDERATION OF CONSENT RESOLUTION R-05-72- CONSENT ITEMS:
a. Approval of minutes of the Colleyville Economic Development Corporation
Board of Directors meeting held April 28, 2005
3. AUTHORIZATION FOR THE GENERAL MANAGER TO INITIATE
PROCEEDINGS FOR THE REFUNDING OF THE OUTSTANDING 1997 AND
2000 SALES TAX REVENUE BONDS
4. READING AND PUBLIC HEARING - RESOLUTION R-05-73 - Setting a Public
Hearing on the Colleyville Economic Development Corporation undertaking a
project; and Approving and Authorizing publication of notice of such a public
hearing
5. READING AND PUBLIC HEARING - RESOLUTION R-05-74 - Approval of
Changing authorized representatives for the Local Government Investment
Cooperative Approving authorized depository signatures
6. READING AND PUBLIC HEARING - RESOLUTION R-05-75 - Discussion and
Consideration of a Resolution ratifying Corporate Board action for the meeting of
May 11, 2005
100 MAIN STREET COLLEYVILLE, TEXAS 76034 (817) 503-1000
ADJOURNMENT:
7. ADJOURNMENT
I certify that the above notice was posted on the Bulletin Board at City Hall on Friday,
May 6, 2005, at 5:0 .m.
~ingleton. TRM
City Secretary
MINUTES OF THE
COLLEYVILLE ECONOMIC DEVELOPMENT
CORPORATION BOARD OF DIRECTORS MEETING
MAY 11,2005
The meeting of the Colleyville Economic Development Corporation Board of Directors
was called to order by President John Ayers on May 11,2005, at 9:35 a.m.
ROLL CALL:
Directors Elaine Dolan, John Gray, Rich Hendler, Mark Skinner and
John Terhoeve were present. President Jon Ayers, General
Manager Bill Lindley, Finance Manager Terry Leake, and Secretary
Cynthia Singleton were also present.
Mr. Jim Sabonis of First Southwest Company also attended.
CONSENT:
2. CONSIDERATION OF CONSENT RESOLUTION R-05-72- CONSENT ITEMS:
a. Approval of minutes of the Colleyville Economic Development Corporation
Board of Directors meeting held April 28, 2005
President Ayers opened the public hearing and read Resolution R-05-72 in its entirety.
There was no one present wishing to speak concerning this item and President Ayers
closed the public hearing.
Director Dolan moved to approve Resolution R-05-72.
Director Terhoeve seconded the motion.
Ayes: Directors Dolan, Terhoeve, Gray, Hendler, Skinner and Ayers
Nays: None
President Ayers declared the motion carried.
CEDC MINUTES
MAY 11, 2005
3. AUTHORIZATION FOR THE GENERAL MANAGER TO INITIATE
PROCEEDINGS FOR THE REFUNDING OF THE OUTSTANDING 1997 AND
2000 SALES TAX REVENUE BONDS
General Manager Bill Lindley summarized the bond issuance scenarios and answered
questions of the Council.
Mr. Jim Sabonis of First Southwest Company presented an overview of the options for
refunding the 1997 and 2000 Sales Tax Revenue Bonds and answered questions of the
Council.
Discussion ensued regarding interest rates, the City's credit rating, cost of issuance,
schedule for refunding, Town Center Incentive agreements and the Colleyville Crime
Control and Prevention District and Colleyville Economic Development half cent sales
tax.
Discussion continued regarding the services provided by First Southwest Company,
McPherson Park trail development and the Bond Election results.
,-
Mayor Pro Tem Ayers moved and Director Hendler seconded and the vote was
unanimous to initiate proceedings for the refunding of the outstanding 1997 and 2000
Sales Tax Revenue Bonds.
4. READING AND PUBLIC HEARING - RESOLUTION R-05-73 - Setting a Public
Hearing on the Colleyville Economic Development Corporation undertaking a
project; and Approving and Authorizing publication of notice of such a public
hearing
President Ayers opened the public hearing and read Resolution R-05-73 in its entirety.
There was no one present wishing to speak concerning this item and President Ayers
closed the public hearing.
Director Skinner moved to approve Resolution R-05-72.
Director Hendler seconded the motion.
Ayes: Directors Dolan, Terhoeve, Gray, Hendler, Skinner and Ayers
Nays: None
President Ayers declared the motion carried.
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CEDC MINUTES
MAY 11, 2005
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5. READING AND PUBLIC HEARING - RESOLUTION R-05-74 - Approval of
Changing authorized representatives for the Local Government Investment
Cooperative Approving authorized depository signatures
President Ayers opened the public hearing and read Resolution R-05-74 in its entirety.
There was no one present wishing to speak concerning this item and President Ayers
closed the public hearing.
Discussion ensued regarding the number of authorized depository signatures.
Director Skinner moved to approve Resolution R-05-74.
Director Hendler seconded the motion.
Ayes: Directors Terhoeve, Gray, Hendler, Skinner and Ayers
Nays: Director Dolan
President Ayers declared the motion carried.
6. READING AND PUBLIC HEARING - RESOLUTION R-05-75 - Discussion and
Consideration of a Resolution ratifying Corporate Board action for the meeting of
May 11, 2005
This item was not needed.
ADJOURNMENT:
7. ADJOURNMENT
There being no further business before the Board, President Ayers declared the
meeting adjourned at 10:40 a.m.
APPROVED THIS
.5 AYES
fJi DAY OF
(/ NAYS AND
~ 2005, BY A VOTE OF
o ABSTENTIONS.
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